35% of the OMV Petrom investment will go for the energy transition
Franck Neel talked about the main pillars of the 11 billion euro investment plan of OMV Petrom’s until 2030, a…
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Exploration & production
Romania provides almost 40% of its domestic oil needs
Romania ensures, from internal resources, its oil needs in a proportion of almost 40%, said on Thursday Filip Cârlea, Director…
Sterian: Gas imports into Romania are not affected; we can ensure the country’s consumption from domestic production
Although Gazprom has stopped gas supplies to Plonia and Bulgaria, Romania’s gas imports are normal, and our country can provide…
OMV Petrom’s fuel sales up 9% in Q1 2022 compared to Q1 2021
OMV Petrom’s total sales of refined products were 5% higher in Q1 2022 compared to Q1 2021 as a result…
Romania’s crude oil production fell by 4.6% in the first two months of 2022
Romania produced, in the first two months of 2022, a quantity of crude oil of over 481,600 tons of oil…
FPPG welcomes the governing coalition’s initiative to reintroduce Offshore Law in Parliament
The Oil and Gas Employers Federation (FPPG), an organization that brings together the main producers of natural gas, which covers…
Offshore Law: The Romanian state is the main winner, with up to 78% of net gains – AEI
The price of natural gas to the final consumer will not fall below the current price, and the state is…
Virgil Popescu: The Offshore Law has been and is a priority for me and PNL colleagues
The Offshore Law was submitted to the Parliament on Friday and will be adopted as a matter of urgency, and…
USR demands that the revenues from the Offshore Law reach Pillar 2 of pensions
USR MPs will submit, during the debates on the draft offshore law, an amendment so that the money obtained by…
Amendments to the Offshore Law reach Parliament; will they be enough?
The ruling coalition leaders have sent the offshore law in Parliament and are announcing the existence of a political majority…
Zoltan Nagy-Bege: In this period of war and energy crisis the most important thing is the security of supply
In this period of war and energy crisis, the most important thing is the security of supply for gas and…
Chisăliță: Amromco’s entry into insolvency, a very serious signal for investors
The entry of the third largest gas producer in Romania, Amromco, into insolvency is a very serious signal, which reflects…
Mark Beacom: BSOG does not rule out the possibility of taking legal action against the Romanian state
The American company Black Sea Oil and Gas (BSOG), from which Romania expects the first new gas from the Black…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Beacom: BSOG will begin extracting gas from the Black Sea in the second quarter
Black Sea Oil & Gas (BSOG) will begin extracting offshore natural gas in the second quarter of this year, later…
Romgaz obtains a 325 mln. euro loan from Raiffeisen for the acquisition of Neptun Deep
Romgaz has signed a financing agreement worth 325 million euro with Raiffeisen Bank, for the partial financing of the acquisition…
Neptune Deep Project is nearing completion
Romgaz’s Board of Directors approved the conclusion of the sale-purchase contract of all shares issued by ExxonMobil Exploration and Production…
ING will no longer fund new oil and gas projects
Dutch banking group ING will no longer finance new oil and gas projects, ING energy director Michiel de Haan told…
Minister: Starting this year, we will have an additional 1 billion cm of gas
Romania will have natural gas from other sources next winter, including from the Black Sea, and starting this year we…
World’s biggest oilfield contractors are quitting future Russia works
The world’s three biggest oilfield service providers are halting future work in Russia, in response to President Vladimir Putin’s invasion…
Gas producers will be obliged to sell at a price set by the Government the quantities resulting from domestic production
Natural gas producers will be obliged to sell at a price set by the Government the quantities of gas resulting…
FPPG: Postponing investments in the Black Sea will lead to a series of new challenges for Romanians
The latest study on the specific taxation of offshore natural gas production in Romania, conducted by PwC Romania for the…